https://www.taxtmi.com/caselaws?id=14073 The court held that the Income-tax Officer could not levy interest or initiate penalty proceedings in the final order if not mentioned in the draft order. The Tribunal's decision to set aside the final order regarding the levy of interest and initiation of penalty proceedings was upheld, favoring the assessee against the Revenue. The court emphasized the importance of adhering to the provisions of section 144B of the Income-tax Act to ensure fair play and the opportunity for the assessee to represent their case before the final assessment. en-us Tue, 01 Aug 2000 00:00:00 +0530 Mon, 13 Jul 2009 13:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14073 The court held that the Income-tax Officer could not levy interest or initiate penalty proceedings in the final order if not mentioned in the draft order. The Tribunal's decision to set aside the final order regarding the levy of interest and initiation of penalty proceedings was upheld, favoring the assessee against the Revenue. The court emphasized the importance of adhering to the provisions of section 144B of the Income-tax Act to ensure fair play and the opportunity for the assessee to represent their case before the final assessment. Case-Laws Income Tax Tue, 01 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14073